ADCB reports nine-month net profit up 24% at Dh5.75 billion

ADCB reports nine-month net profit up 24% at Dh5.75 billion

Image Credit: Ahmed Ramzan/Gulf News









Abu Dhabi: Abu Dhabi Commercial Bank reported a 24 per cent increase in net profit at Dh5.75 billion for the nine-month period ended September 2023, the bank said on Wednesday.



Net interest income for the period increased 23 per cent to Dh8.96 billion, while non-interest income was up 22 per cent at Dh3.24 billion. Operating income was reported at Dh12.20 billion, up 23 per cent.







"In our core market, the UAE, the economy has remained resilient in the face of global headwinds. ADCB is leveraging its strong franchise and digital proposition to serve a growing customer base amid robust consumer and business confidence," said Ala'a Eraiqat, Group CEO. "Looking into 2024, we remain confident in the country's fundamentals and continued investment in its economic diversification strategy."



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